2011 -
JULY – AVALON, NJ:
RESIDENTIAL
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (9)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
701 Ocean Dr. (4)Bed.,(2)Bth.
$744,900. SAME 12
251 15th St. (4)Bed.,(2)Bth. 899,000. SAME 1
222 56th St. (2)Bed.,(1.5)Bth.
1,100,000. 999,999. 153
1228 First Ave. (4)Bed.,(3)Bth. 1,300,000. SAME 154
*118 20th St. (6)Bed.,(5.5)Bth.
1,595,000. SAME 48
64 E. 14th St. (5)Bed.,(4)Bth. 1,695,000. SAME 69
36 E. 19th St. (4)Bed.,(3)Bth.
1,795,000. SAME 110
19 Flamingo Dr. (5)Bed.,(4)Bth. 2,695,000.
2,495,000. 173
5168 Ocean Dr. (6)Bed.,(3)Bth.
2,695,000. SAME 67
(1)NEW
CONSTRUCTION
RESIDENTIAL
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (5)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
161 25th (5)Bed.,(2.5)Bth. $ 915,000. $725,000. $ 650,000. 7/25/11 369
148 21st (5)Bed.,(2)Bth. 749,000. SAME 700,000. 7/29/11 130
131 17th (3)Bed.,(1.5)Bth. 799,000. SAME 755,000. 7/23/11 41
156 34th (3)Bed.,(1)Bth. 999,000. 899,000. 800,000. 7/1/11 147
1389 First (4)Bed.,(2)Bth. 995,000. SAME 845,000.
7/22/11 448
(4,457,000.) (4,167,000.) (3,750,000.) (1,135)
Average
Original Average
Reduced Average SOLD Average Days on
List Price =
$891,400. List Price =
$833,400. Price = $750,000. Market = 227
-
Difference between ORIGINAL List Price and SOLD Price
= (16%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (7%)
LOTS – UNDER
CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
82 E. 13th St. 50’x 110’
$2,100,000.
SAME 16
LOTS –
COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE on Mkt
2138 Sixth Ave. 65.5’x 110’ $575,000. SAME $510,000. 7/1/11 28
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$575,000. List Price =
$575,000. Price = $510,000. Market = 28
-
Difference between ORIGINAL List Price and SOLD Price
= (11%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
COMMERCIAL –
UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)
COMMERCIAL –
COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
3101 Dune Dr. #202 $175,000. $79,900. $67,000. 7/12/11 1,902
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$175,900. List Price =
$79,900. Price = $67,000. Market = 1,902
-
Difference between ORIGINAL List Price and SOLD Price
= (62%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (54%)
MULTI-FAMILY
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)
MULTI-FAMILY
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (0)
CONDO/TOWNHOUSE
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (3)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
*3289 Ocean (5)Bed.,(3.5)Bth. West $949,000. SAME 128
659 24th (5)Bed.,(4)Bth. West
1,650,000.
1,399,000. 473
2002 Ocean (5)Bed.,(5.5)Bth. North 1,850,000. 1,695,000. 145
(1)NEW
CONSTRUCTION
CONDO/TOWNHOUSE
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (6)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
601 Dune (1)Bed.,(1)Bth. #1 $539,000. SAME $470,000. 7/1/11
210
3956 Ocean (3)Bed.,(2)Bth. 1stFl 529,000. SAME 500,000. 7/29/11
49
700 Ocean (3)Bed.,(2.5)Bth. #B-5 629,900. SAME 580,000. 7/6/11
266
1668-88 Ocean (3)Bed.,(2)Bth. #B-8 849,000. SAME 675,000. 7/29/11
35
*2507 Dune (4)Bed.,(3)Bth. #2507 849,000. SAME 750,000. 7/15/11
226
1306 Ocean (4)Bed.,(2/2)Bth. #1306 800,000. SAME
800,000. 7/6/11
68
(1)NEW
CONSTRUCTION
(4,195,900.)
(4,195,900.) (3,775,000.) (854)
Average
Original Average
Reduced Average SOLD Average Days on
List Price =
$699,317. List Price =
$699,317. Price = $629,167. Market = 142
-
Difference
between ORIGINAL List Price and SOLD Price = (10%)
-
Difference
between ORIGINAL List Price and REDUCED Price = (0%)
TOTAL
AVALON SALE INVENTORY (AS OF 8/15/2011) = 350:
RESIDENTIAL
203
LOTS
27
COMMERCIAL 9
MULTI-FAMILY 6
CONDO/TOWNHOUSE 105
2011-
AUGUST – AVALON,NJ:
RESIDENTIAL
– UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (7)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
459 21st (2)Bed.,(1)Bth. $459,000. SAME 24
1709 Dune (2)Bed.,(1)Bth. 729,000. $675,000. 72
1758 Dune (5)Bed.,(5)Bth. 1,599,000. SAME 26
25 E. 20th (5)Bed.,(4)Bth. 1,995,000. SAME 91
39 E. 25th (5)Bed.,(4.5)Bth. 2,495,000. 2,095,000. 500
56 E. 17th (5)Bed.,(5.5)Bth. 3,795,000. 2,799,000. 915
*129 75TH (7)Bed.,(7/3)Bth. 16,875,000. 13,995,000. 527
(1)NEW
CONSTRUCTION
RESIDENTIAL
– COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (9)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
469 21st (4)Bed.,(1)Bth. $550,000. $535,000.
$495,000. 8/1/11 105
701 Ocean (4)Bed.,(2)Bth. 744,900. SAME 702,500. 8/30/11 45
141 20th (30Bed.,(1.5)Bth. 1,195,000. 850,000. 790,000. 8/6/11 462
299 41st (4)Bed.,(4)Bth. 1,695,000. 950,000. 950,000. 8/2/11 449
109 20th (5)Bed.,(4)Bth. 999,000. SAME 999,000. 8/18/11 260
1228 First (4)Bed.,(3)Bth. 1,300,000. SAME 1,135,000. 8/19/11
194
36 E. 19th (4)Bed.,(3)Bth. 1,795,000. SAME 1,625,000. 8/19/11
144
19 Flamingo Dr. (5)Bed.,(4)Bth. 2,695,000. 2,495,000. 2,200,000. 8/31/11
222
507 42nd (5)Bed.,(4)Bth. 3,495,000. 2,995,000. 2,750,000. 8/8/11 188
(14,468,900.) (12,663,900.) (11,646,500.) (2,069)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$1,607,655. List Price =
$1,407,100. Price = $1,294,055. Market = 230
-
Difference between ORIGINAL List Price and SOLD Price
= (20%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (13%)
LOTS/LAND –
UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
74 E. 18th (50’x 110’)
$1,895,000. SAME 1
LOTS/LAND –
COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
82 E. 13th (50’x 110’) $2,100,000. SAME $2,100,000. 8/15/11 53
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$2,100,000. List Price
$2,100,000. Price = $2,100,000. Market = 53
-
Difference between ORIGINAL List Price and SOLD Price
= (0%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
COMMERCIAL –
UNDER CONTRCAT: 8/1/2011 TO 8/31/2011 = (0)
COMMERCIAL –
COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (0)
MULTI-FAMILY
– UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (0)
MULTI-FAMILY
– COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (0)
CONDO/TOWNHOUSE
– UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (3)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
1719 Ocean (3)Bed.,(2)Bth. #3 $499,500. SAME 270
274 21st (3)Bed.,(3)Bth. #274
520,000. SAME 390
2569 Ocean (5)Bed.,(3.5)Bth. North 659,000. 649,000. 110
CONDO/TOWNHOUSE
– COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (3)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
35 Marine Way #35 $1,195,000. $1,095,000. $960,000. 8/19/11
184
1778 Ocean (4)Bed.,(3)Bth. West 1,399,000. 1,389,000. 1,350,000. 8/13/11
71
2002 Ocean (5)Bed.,(5.5)Bth. #2002 1,850,000. 1,695,000. 1,525,000. 8/24/11
175
(4,444,000.) (4,179,000.) (3,835,000.) (430)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$1,481,333. List Price =
$1,393,000. Price = $1,278,333. Market = 143
-
Difference between ORIGINAL List Price and SOLD Price
= (14%)
-
Difference between ORIGI(NAL List Price and REDUCED
Price = (6%)
TOTAL
AVALON SALE INVENTORY (AS OF 9/20/2011) = 355
RESIDENTIAL
200
LOTS/LAND 29
COMMERCIAL
10
MULTI-FAMILY 7
CONDO/TOWNHOUSE 109
2011 –
SEPTEMBER – AVALON,NJ:
RESIDENTIAL
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (9)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
179 34TH (3)Bed.,(2)Bth. $1,249,000. $899,000. 295
2159 First (3)Bed.,(3)Bth. 949,000. SAME 101
203 8th (5)Bed.,(2)Bth. 1,250,000. 1,150,000. 604
43 W. 31st (5)Bed.,(2.5)Bth. 1,195,000. SAME 6
245 66th (4)Bed.,(2)Bth.
1,799,000. 1,399,000. 665
134 36th (4)Bed.,(3-2)Bth. 1,595,000. SAME 46
*148 16th (6)Bed.,(6-2)Bth. 1,695,000. SAME 1
178 75th (4)Bed.,(4)Bth. 2,595,000. 2,350,000. 230
93 E. 17th (3)Bed.,(3)Bth. 5,100,000. 4,600,000. 889
(1)NEW
CONSTRUCTION
RESIDENTIAL
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (6)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
393 22nd (5)Bed.,(2.5)Bth. $795,900. $624,900. $550,000. 9/15/11 521
1589 Dune (3)Bed.,(2)Bth. 879,000. 779,000. 612,500. 9/7/11 405
*118 20th (6)Bed.,(5.5)Bth. 1,595,000. SAME 1,645,000. 9/27/11 145
39 E. 25th (5)Bed.,(4.5)Bth. 2,495,000. 2,095,000. 1,800,000. 9/23/11 553
5168 Ocean (6)Bed.,(3)Bth. 2,695,000. SAME 2,450,000. 9/30/11 137
*129 75th St. (7)Bed.,(7/3)Bth. 16,875,000. 13,995,000. 12,417,380. 9/9/11 557
(2)NEW
CONSTRUCTION
(25,334,900.) (21,783,900.) (19,474,880.) (2,318)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$4,222,483. List Price =
$3,630,650. Price = $3,245,813. Market = 386
-
Difference between ORIGINAL List Price and SOLD Price
= (23%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (14%)
LOTS/LAND –
UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)
LOTS/LAND –
COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)
COMMERCIAL –
UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
2162 Dune (1,377 sq.ft.) #2162 $350,000. SAME 624
COMMERCIAL –
COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)
MULTI-FAMILY
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)
MULTI-FAMILY
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
234 32nd (4/4)Bed., (2/2)Bth. $1,375,000. SAME $1,150,000. 9/17/11 488
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$1,375,000. List Price = $1,375,000. Price = $1,150,000. Market = 488
-
Difference between ORIGINAL List Price and SOLD Price
= (16%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
CONDO/TOWNHOUSE
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (6)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
862 First (3)Bed.,(2)Bth. #1S $575,000. $549,000. 417
700 First (2)Bed.,(2)Bth. #406 685,000. 599,000. 843
*6592 Ocean (5)Bed.,(3.5)Bth. #6592 949,000. SAME 196
6446 Ocean (5)Bed.,(4)Bth. North 1,099,000. 1,030,000. 251
663 E. Sunrise (4)Bed.,(3-2)Bth. East 1,495,000. 1,195,000. 260
659 24th (5)Bed.,(4)Bth. West 1,650,000. 1,399,000. 546
(1)NEW
CONSTRUCTION
CONDO/TOWNHOUSE
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (3)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
3827 Ocean (2)Bed.,(1)Bth. 2ndFl $359,000. $319,000. $310,000. 9/23/11
207
2569 Ocean (5)Bed.,(3.50Bth. North 659,000. 649,000. 615,000. 9/30/11
146
6669 Ocean (4)Bed.,(2)Bth. South 749,000. 699,000. 685,000. 9/17/11
253
(1,767,000.)
(1,667,000.) (1,610,000.) (606)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$589,000. List Price =
$555,667. Price = $536,667. Market = 202
-
Difference between ORIGINAL List Price and SOLD Price
= (9%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (6%)
TOATL
AVALON SALE INVENTORY (AS OF 10/11/11) = 341
RESIDENTIAL
193
LOTS/LAND
27
COMMERCIAL
9
MULTI-FAMILY
5
CONDO/TOWNHOUSE
107